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Bangladesh okays US$8b firm for 20,000 MW power
April 25, 2011
Bangladesh okays US$8b firm for 20,000 MW power - The Malaysian Insider
DHAKA, April 25 Bangladesh has approved formation of an US$8 billion (RM24 billion) company to invest in coal-fired power plants, along with private companies, that would generate 20,000 megawatts (MW) by 2030, officials said today.
The approval was made at a cabinet meeting attended by Prime Minister Sheikh Hasina today, Hasinas press secretary Abul Kalam Azad told Reuters.
Bangladesh currently faces an electricity shortage of 1,500 MW at peak times, with generation of 4,000 MW against a requirement of 5,500 MW.
The Coal Power Generation Company will be set up under the Bangladesh Power Development Board (BPDB), which monitors and regulates generation and distribution of electricity in the country.
BPDB will hold some 30 per cent share in each plant, leaving the rest for local and foreign private firms, forging joint ventures, a senior official of BPDB said.
The company will use both imported and domestic coal in the plants.
Bangladesh has seven coal fields with estimated reserves of 4 billion tonnes, but it currently produces only around 2,000 tonnes from one field. Exploration of the others has been delayed due to litigation and environmental protests.
The government has already approved two coal-fired plants in Khulna and Chittagong of 1,320 MW capacity each, as well as the importation of 3 million tonnes of coal for them to operate.
The government also has tendered for companies to build four coal-fired power plants of 150-650 MW each at Chittagong, Mawa and Khulna in the private sector, according to the senior official.
Most power plants in the country are now run with natural gas, which is being depleted fast, with experts saying proven reserves of about 8 trillion cubic feet of gas may not last beyond 2015 unless new reserves are found. Reuters
April 25, 2011
Bangladesh okays US$8b firm for 20,000 MW power - The Malaysian Insider
DHAKA, April 25 Bangladesh has approved formation of an US$8 billion (RM24 billion) company to invest in coal-fired power plants, along with private companies, that would generate 20,000 megawatts (MW) by 2030, officials said today.
The approval was made at a cabinet meeting attended by Prime Minister Sheikh Hasina today, Hasinas press secretary Abul Kalam Azad told Reuters.
Bangladesh currently faces an electricity shortage of 1,500 MW at peak times, with generation of 4,000 MW against a requirement of 5,500 MW.
The Coal Power Generation Company will be set up under the Bangladesh Power Development Board (BPDB), which monitors and regulates generation and distribution of electricity in the country.
BPDB will hold some 30 per cent share in each plant, leaving the rest for local and foreign private firms, forging joint ventures, a senior official of BPDB said.
The company will use both imported and domestic coal in the plants.
Bangladesh has seven coal fields with estimated reserves of 4 billion tonnes, but it currently produces only around 2,000 tonnes from one field. Exploration of the others has been delayed due to litigation and environmental protests.
The government has already approved two coal-fired plants in Khulna and Chittagong of 1,320 MW capacity each, as well as the importation of 3 million tonnes of coal for them to operate.
The government also has tendered for companies to build four coal-fired power plants of 150-650 MW each at Chittagong, Mawa and Khulna in the private sector, according to the senior official.
Most power plants in the country are now run with natural gas, which is being depleted fast, with experts saying proven reserves of about 8 trillion cubic feet of gas may not last beyond 2015 unless new reserves are found. Reuters
